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(The Center Square) – A general income tax in Washington state appears to be off the table for now, even as voters retained the state’s capital gains tax by failing to pass Initiative 2109 on ...
The two cases were consolidated and, on March 2nd, 2022, Douglas County Superior Court Judge Brian Huber sided with the plaintiffs and struck down the capital gains tax as an illegal income tax. [14] On appeal, the state Supreme Court overturned the district court ruling in a 7-2 decision, upholding the constitutionality of the capital gains ...
Corry noted education priorities are a paramount duty of state government, but said money coming in via other taxes is sufficient. The state constitution bans a state income tax except under rare ...
What Trump is promising is a complete extension of the cuts for individuals of all income levels, included in his 2017 Tax Cuts and Jobs Act, alongside a dizzying array of additional promises from ...
Prior to the passage of the capital gains tax, Washington State had the most regressive tax system of any state in the US. [9] The wealthiest 1% paid just 3% of their income in state taxes, while the poorest 20% paid 17.8%. [10] Advocates had long proposed a capital gains tax in order to help reduce this gap.
But in a 5-4 decision the following year, the state Supreme Court struck it down, ruling that a tax on income was a tax on property — and the state Constitution says property taxes must be ...
A measure banning any entity except for the state of Washington from selling alcohol [66] Failed [67] 208,337 (25.71%) 602,141 (74.29%) Initiative to the People 169 A measure increasing benefits for veterans of World War II, funded by state bonds and a tobacco tax [66] Passed [67] 438,518 (56.52%) 337,410 (43.48%) Initiative to the People 171
(The Center Square) – As federal COVID-19 pandemic aid dries up and budget deficits mount, cities across the state are asking their legislators to let them tax resident more than the 1% cap on ...
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